NorthLadder, a UAE-based platform for trading in pre-owned electronics, has raised $10 million in Series B fun ..Read More

NorthLadder, a UAE-based platform for trading in pre-owned electronics, has raised $10 million in Series B funding from stc Group’s Tali Ventures, Dutch Founders Fund, and Crescent Ventures. Founded in 2021 by Mihin Shah and Sandeep Shetty, NorthLadder provides automated assessments and home pickups for device trade-ins. This funding will drive its global expansion and platform development, with recent operations launched in Amsterdam and plans to expand trade-in partnerships across Europe.
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• Electronics

UAE-based Gulf Islamic Investments (GII) has secured an additional $100 million in growth capital to boost pri ..Read More

UAE-based Gulf Islamic Investments (GII) has secured an additional $100 million in growth capital to boost private equity opportunities across Saudi Arabia and the GCC. Investors include the Al Nahdi family office, Sharjah's Shurooq, and existing GII stakeholders. Founded in 2014 by Mohammed Alhassan and Pankaj Gupta, GII is a Shariah-compliant investment firm managing over $4.5 billion in assets.
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• Private Equity

Prypco, a UAE-based proptech founded in 2022 by Amira Sajwani, has raised $10 million in Seed funding led by S ..Read More

Prypco, a UAE-based proptech founded in 2022 by Amira Sajwani, has raised $10 million in Seed funding led by Shorooq Partners, with participation from Apparel Group and others. Focused on simplifying real estate ownership, Prypco offers services through four verticals: Prypco Blocks, Prypco Mortgage, Prypco Exclusives, and Prypco Golden Visa. With Prypco Mortgage already disbursing over $136 million in home loans, the new funding will drive the company’s growth and support its expansion plans.
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• Proptech

UAE-based e-commerce platform Best Kept Shared acquired peer-to-peer fashion resale platform BAZAARA for an un ..Read More

UAE-based e-commerce platform Best Kept Shared acquired peer-to-peer fashion resale platform BAZAARA for an undisclosed amount. The acquisition strengthens Best Kept Shared's presence in the P2P fashion market by integrating BAZAARA’s network into its existing platform. This move expands the platform's offerings, providing customers with enhanced options for buying, selling, and renting pre-owned fashion items.
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• Ecommerce

UAE-based fintech Abhi has secured $15 million in debt financing led by Shorooq Partners and Amplify Growth Pa ..Read More

UAE-based fintech Abhi has secured $15 million in debt financing led by Shorooq Partners and Amplify Growth Partnership. Founded in Pakistan in 2021 by Ali Ladhubhai and Omair Ansari, Abhi focuses on financial inclusion for employees and SMEs in the MENAP region. The new funds will help Abhi scale operations and expand its earned wage access (EWA) services for blue- and white-collar workers.
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• Fintech

UAE-based podcast distribution platform, Podeo raised $5.4 million in Series A funding, led by Oraseya Capital ..Read More

UAE-based podcast distribution platform, Podeo raised $5.4 million in Series A funding, led by Oraseya Capital. After amassing 50 million subscribers, Podeo aims to expand into Latin America, Eastern Europe, and Southeast Asia. Other participants in this round include Ibtikar Fund, Cedar Mundi Ventures, Samarium, iSME, and Razor Capital.
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• Media & Entertainment

Amplify Growth Partnership launched a $100 million growth debt fund to support tech-focused companies in the M ..Read More

Amplify Growth Partnership launched a $100 million growth debt fund to support tech-focused companies in the MENA region, particularly in the GCC. Established in partnership with Ajeej Capital and Nuwa Capital, the fund is led by Sharaf Sharaf and has already closed its first deal with a fintech company in Saudi Arabia.
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• Tech-focussed

UAE-based automotive SaaS startup, Seez raised $4.2 million from international investors to support its expans ..Read More

UAE-based automotive SaaS startup, Seez raised $4.2 million from international investors to support its expansion into the US market. This funding will enable Seez to tap into one of the largest automotive markets globally, enhancing its growth potential and strengthening its position in the industry.
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• Autotech